Porch Raising $27.7M

The newly launched, online home improvement project site and community Porch, which is split between San Diego and Seattle, is in the midst of raising $27.7M in a funding round, according to a regulatory filing by the firm this week. According to the filing, the company has so far raised $8.2M in its funding round, which kicked off a couple of weeks ago. No details of the funding have yet been announced by the company. The filing says that so far, 28 investors have participated in the round. Porch's prior backers include SV Angel, Jeff Skoll, Chamath Palihapitiya, and many others. The company's co-founders are CEO Matt Ehrlichman and CTO Eric Schleicher. More information »